Global Chitosan Market Outlook 2016-2024

Global Chitosan Market 

Market Overview

Chitosan/Chitin is the most important additive from marine bio sources besides calcium, astaxanthin, and glucosamine and among chitin derivatives; chitosan is projected to offer the highest growth potential. Commercially chitosan is available in the form of flakes & powder, which can be differentiated on the basis of purity, granulation, color, average molecular weight and solubility. Chitin bacteriostatic, immunologic, antitumoral, cicatrizant, hemostatic and anticoagulant properties are utilized in the field of medicine. Chitosan prices ranges on the basis of quantity from USD 10 to USD 1,000 per kilogram. Chitosan is the deacetylated form of chitin that has been produced from deproteinization and demineralization of crustacean shell.   

Goldstein Research analyst forecast the Chitosan market size is set to reach USD 4.5 billion by 2024, at a CAGR of 17.5% over the forecast years. The major factors driving the chitosan industry are the abundant raw material availability and emerging applications from various end use segments. The ongoing R&D activities focused on finding novel applications of chitosan as well as developing the existing technology is also expected to contribute towards the growth of chitosan market during the analysis period.

Covered In This Global Chitosan Market Report                           

The report covers the present ground scenario and the future growth prospects of the Chitosan market for 2016-2024 along with the data of usage of chitosan in various applications like water treatment, biomedical & pharmaceuticals, cosmetics, food & beverage, and others worldwide. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. The Chitosan market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Global Chitosan Market Segmentation

By Source

• Shrimp
• Crab
• Squid
• Krill

By Industrial Application

• Cosmetics
• Water Engineering
• Paper Industry
• Textile Industry
• Food Processing
• Agriculture
• Photography
• Biomedical & Pharmaceutical Application
• Other (Solid state batteries, etc)

Based on Geography

• North America (U.S. & Canada) Chitosan Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Chitosan Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Chitosan Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Chitosan Market {Market Share (%), Market Size (USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Chitosan Market {Market Share (%), Market Size (USD Billion)}

Based on application, water engineering is the largest segment acquiring major share of the market i.e. 24% in 2016 attributed to the naturally abundant and renewable polymers with excellent properties such as bio-compatibility, biodegradability, non-toxicity, and adsorption of chitosan and growing demand for waste water treatment in various end-use industries including the dairy, textile, paper & pulp, chemical and metal cutting. Cosmetics is likely to grow at the fastest CAGR of 19% due to growing demand for bio-based color cosmetics such as lipsticks, eye shadows, and nail polishes and in addition to fungistatic and bacteriostatic properties of chitosan.     

Chitosan Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Chitosan Market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Chitosan market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global Chitosan Market report comprises of the following companies as the key players: GTC Bio Corporation, Panvo Organics Pvt., Ltd., KitoZyme S.A., Xianju Tengwang Chitosan Factory, FMC Health, Golden-Shell Pharmaceutical Co., PT Biotech Surindo, Primex ehf, Heppe Medical Chitosan GmbH, Koyo World Co. Ltd., Dainichiseika Color & Chemicals, BioPhrame Technologies, Biothera, United Chitotechnologies Inc., Koyo World Co. Ltd., Kraeber & Co. GmbH, Foodchem International Corporation, Xianju Tengwang Chitosan Factory.

According to our global market study on the basis of extensive primary and secondary research: “One trend is the advent of chitosan nanoparticle in drug delivery due to the biocompatibility and non-toxicity of the material makes it attractive as a neutral agent for delivery of active agents. It is also discovered that ionic gelation can be used to produce chitosan-TPP nanoparticles of sufficient quality for use in clinical applications.”

According to the report, major driving factor is the ageing water and wastewater infrastructure in the developed regions. For instance, Many technology vendors that provide design and consulting services in the water industry are successfully delivering services to globally dispersed OEMs while pure play engineering service providers, who have integrated design, manufacturing, and part supplying capabilities have shown interest and developed the infrastructure for designing and manufacturing water treatment equipment.

Further, the report states the biggest challenge is the unhealthy completion due to overcrowding of small and local players in the chitosan market which impact the economic growth of the major players.

Based on geography, Asia Pacific leads the chitosan market with 50% market share in terms of value and volume as well owing to the rapid growth of food & beverage, pharmaceutical and cosmetics industry in countries including China, Korea, Japan, Singapore, Indonesia, Australia and India. Japan dominates the chitosan market with the valuation of USD 0.6 billion in 2016 owing to the presence of abundant raw material while Korea has approved chitosan as the natural food additive and China & Thailand is the key shrimp producing countries.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Chitosan market report

• What is the total market size by 2024 and what would be the expected growth rate of market?
• What is the revenue of Chitosan in 2015-16 and what would be the expected demand over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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